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Zylog Systems to disinvest whole or part of its subsidiaries to raise funds

31 May 2014 Evaluate

Zylog Systems has received an approval to include disinvestment of whole or part of its subsidiaries in order to raise funds. The board of directors at its meeting held on May 30, 2014 has approved for the same.

The board has also mandated a leading advisory firm to prepare a CDR package as part of immediate revival plan.

Zylog Systems, established in 1996, is an ISO 9001 certified provider of Onshore, Offshore & Near shore technology solutions and services to enterprises & technology companies across the globe. 

Peers
Company Name CMP
TCS 2085.90
Infosys 1019.20
HCL Technologies 1256.00
Wipro 164.80
Tech Mahindra 1555.00
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